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Real Estate
Reply to "Landlords: Would you rent to a family who had been foreclosed? "
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[quote=Anonymous][quote=Anonymous]OP here. Thanks for the responses. The family told me upfront that their house is foreclosed. It shows up on the credit checks. I have such a good connection with the wife and want to see if I should give people a chance to get back on track. She seems like a solid person. However, the credit check reveals that the house's mortgage is similar to the rent (excluding tax and insurance) I am asking for my rental. Red flag? [/quote] This would be a deal breaker for me, if they lost a house with a 2,500$ (or whatever the amount) mortgage and your asking that in rent no way. They have shown they can't make that kind of payment, if you were asking half or less than the home they lost I would say maybe because they are clearly scaling back and trying to get back on track financially. [/quote]
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